JPMorgan Chase & Co. (NYSE:JPM) had its price objective increased by Credit Suisse Group from $125.00 to $127.00 in a research note issued on Monday. The firm presently has an “outperform” rating on the financial services provider’s stock. Credit Suisse Group’s target price would suggest a potential upside of 10.78% from the stock’s previous close.
Other analysts have also recently issued reports about the company. Buckingham Research upgraded JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a research report on Thursday, December 21st. Nomura set a $115.00 price target on JPMorgan Chase & Co. and gave the company a “neutral” rating in a research report on Friday, January 12th. Vetr upgraded JPMorgan Chase & Co. from a “strong sell” rating to a “sell” rating and set a $102.07 price target on the stock in a research report on Tuesday, February 6th. Argus upped their price target on JPMorgan Chase & Co. from $109.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, January 12th. Finally, Keefe, Bruyette & Woods upgraded JPMorgan Chase & Co. from a “market perform” rating to an “outperform” rating and set a $127.00 price target on the stock in a research report on Tuesday, February 13th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fifteen have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $111.03.
Shares of JPMorgan Chase & Co. stock opened at $114.64 on Monday. JPMorgan Chase & Co. has a 1 year low of $81.64 and a 1 year high of $119.33. The firm has a market capitalization of $396,185.34, a price-to-earnings ratio of 18.20, a price-to-earnings-growth ratio of 1.95 and a beta of 1.18. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.01 and a quick ratio of 1.01.
JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, January 12th. The financial services provider reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.07. JPMorgan Chase & Co. had a return on equity of 11.63% and a net margin of 21.46%. The firm had revenue of $24.15 billion for the quarter, compared to analysts’ expectations of $24.87 billion. During the same period in the prior year, the business posted $1.71 earnings per share. The business’s revenue was up 3.3% compared to the same quarter last year. equities research analysts anticipate that JPMorgan Chase & Co. will post 8.9 EPS for the current fiscal year.
In other news, insider Ashley Bacon sold 16,434 shares of the company’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $112.22, for a total transaction of $1,844,223.48. Following the transaction, the insider now owns 98,811 shares of the company’s stock, valued at $11,088,570.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James S. Crown purchased 7,280 shares of the business’s stock in a transaction dated Thursday, January 18th. The shares were purchased at an average cost of $113.37 per share, for a total transaction of $825,333.60. Following the purchase, the director now directly owns 305,875 shares of the company’s stock, valued at $34,677,048.75. The disclosure for this purchase can be found here. Insiders have sold 152,047 shares of company stock worth $17,098,115 in the last ninety days. 0.88% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently modified their holdings of the company. Financial Gravity Companies Inc. bought a new stake in JPMorgan Chase & Co. in the fourth quarter valued at about $104,000. Keeler Thomas Management LLC bought a new stake in JPMorgan Chase & Co. in the fourth quarter valued at about $112,000. Kohmann Bosshard Financial Services LLC bought a new stake in JPMorgan Chase & Co. in the third quarter valued at about $102,000. Welch Investments LLC bought a new stake in JPMorgan Chase & Co. in the third quarter valued at about $103,000. Finally, Cerebellum GP LLC bought a new stake in JPMorgan Chase & Co. in the fourth quarter valued at about $119,000. 74.47% of the stock is currently owned by institutional investors and hedge funds.
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About JPMorgan Chase & Co.
JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.
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